Limits "tobacco and vapor products sales tax" on cigars to up to $0.50 per cigar.

This bill caps the tax on cigars at $0.50 per cigar, replacing the current 30% tax on wholesale price. It applies to all cigar sales, use, or distribution in New Jersey, directly affecting cigar retailers and distributors. The key change limits the tax amount per cigar regardless of wholesale price, while clarifying tax payment responsibilities for businesses. This policy adjustment aims to address competitive challenges faced by local brick-and-mortar retailers from out-of-state online sellers. The bill takes effect 60 days after enactment.